Perez, known for splash­ing hun­dreds of mil­lions of euros in pre­vi­ous years on the likes of Cris­tiano Ron­aldo, Gareth Bale and James Ro­driguez, has limited his spend­ing to just a €30 mil­lion buy­back of Al­varo Mo­rata from Ju­ven­tus.

“We have won the Euro­pean Su­per Cup and the first two games in La Liga,” Perez said of Real’s 100 per­cent start to the sea­son.

“We have a spec­tac­u­lar squad and it is im­pos­si­ble to im­prove.”

Madrid ap­pealed a one-year trans­fer ban im­posed by Fifa to al­low them to sign play­ers this sum­mer, but they could be barred from reg­is­ter­ing new play­ers after yes­ter­day’s deadline un­til Jan­uary 2018 should their ap­peal fail. Zine­dine Zi­dane in­spired a re­mark­able turn­around in Madrid’s for­tunes after be­ing hired as coach in Jan­uary, lead­ing Real to an 11th Euro­pean Cup. The French­man hinted early in the win­dow the Span­ish giants would be quiet in the trans­fer mar­ket and, hav­ing con­quered Europe, the pres­sure is now on Zi­dane to de­liver Madrid’s first league ti­tle in five years. “Zi­dane, all his tech­ni­cal team and the play­ers are very aware of their re­spon­si­bil­ity and want to show what they are ca­pable of,” added Perez. — AFP.